HENDERSONVILLE, Tennessee—The Canadian hotel industry posted declines in all three key performance measurements during the week of 8-14 November, according to data from STR.
In year-over-year measurements, the industry’s occupancy decreased 6.9 percent to end the week at 53.7 percent. Average daily rate dropped 4.8 percent to finish the week at CAD$119.29. Revenue per available room for the week decreased 11.3 percent to finish at CAD$64.08.
Prince Edward Island reported the largest increases for the week in all three metrics. Occupancy rose 27.8 percent to 36.3 percent, ADR was up 5.7 percent to CAD$77.96, and RevPAR jumped 35.0 percent to CAD$28.29.
Three provinces reported double-digit occupancy decreases: Manitoba (-24.9 percent to 52.5 percent); Alberta (-14.2 percent to 55.6 percent); and Nova Scotia (-11.5 percent to 45.2 percent).
In addition to Prince Edward Island, Newfoundland (+2.8 percent to CAD$117.83) and Saskatchewan (+2.7 percent to CAD$116.54) both reported ADR increases for the week. Alberta reported the largest ADR decrease, falling 7.0 percent to CAD$128.13, followed by Nova Scotia (-6.9 percent to CAD$107.14) and Ontario (-6.9 percent to CAD$116.96).
Other than Prince Edward Island, Newfoundland was the only province to report a double-digit RevPAR increase, jumping 13.0 percent to CAD$67.71. Four provinces experienced double-digit RevPAR decreases: Manitoba (-27.0 percent to CAD$55.51); Alberta (-20.3 percent to CAD$71.23); Nova Scotia (-17.8 percent to CAD$48.38); and Ontario (-12.1 percent to CAD$66.07).
About STR & STR Global:
For more than 20 years, Smith Travel Research, Inc. (STR) has been the recognized leader for hotel industry benchmarking and research. STR and STR Global offer monthly, weekly and daily STAR benchmarking reports to more than 38,000 hotel clients, representing over 5 million rooms worldwide. STR is headquartered in Hendersonville, Tennessee, and STR Global is based in London. For more information, visit www.strglobal.com or www.HotelNewsNow.com.
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